3 ms·
Brokers like Robinhood would love to not have to rely on a third-party market-maker, because it can vertically integrate. Citadel had the years of its life duri
by conanbatt 4y ago
Brokers like Robinhood would love to not have to rely on a third-party market-maker, because it can vertically integrate. Citadel had the years of its life during the bull run in great part to RH.
Market making can be neutral, it's not a big conflict of interest. What is a conflict of interest is placing bets in the market with what can be information of traders on the FTX platform - i.e. people buying solana and Alameda leveraging that direction on the information - or people leveraging on FTX and Alameda making liquidating plays.